COOPERATIVE DPT TO TAKE LEGAL ACTION

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The Department of Co-operatives has warned that it could institute court action against any person or entity that uses the word ‘Co-operative’ for commercial purposes without authorization by the sector Minister. 

This is because using the name without permission is a breach of the Co-operative Societies’ Decree, NLCD 252 of 1968 that states that ‘No person other than a registered Co-operative society shall without the prior approval of the Minister responsible for Co-operative affairs carry on any trade or business under any name or title of which the word ‘Co-operative’ is part’. 

The Ashanti Regional Director of the Department of Co-operatives, Charles Kwaku Boateng gave the warning in Kumasi. 

He was receiving a donation of building materials including roofing sheets in addition to cash from the TEK Co-operative Credit Union for the renovation of the Regional offices of the Department of Co-operatives which is currently in a deplorable state. 

Mr. Boateng observed with concern that some business people are flouting the law by abusing the Co-operatives for their own gains, mainly due to ignorance of the law.

 He noted also that instead of seeking directions from the Department of Co-operatives on the legal processes, many individuals and enterprises are forming Co-operatives without considering the legal implications. 

Mr. Boateng asked Ghanaian entrepreneurs to adopt the co-operative concept of doing business, by forming productive co-operative ventures to boost their business activities.

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